Massive Debt Monetization Coming

What is amazing is that the price of gold is not reacting not only to the inflation that has already taken place but also to all the inflation that we know is baked into the cake because we have all these governments with massive amounts of debt, no chance of ever repaying it. The only thing they can do is monetize it. So there`s massive debt monetization and inflation on the horizon that should be factored into the price of gold right now.

Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Goldcorp (GG)

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Inflation Is Taking Its Toll On The Mining Industry

"Inflation is really taking its toll on the mining industry because it has increased the cost of mining but because everybody is convinced by the government that there is no inflation, the price of gold has not risen as much as it should have given how much inflation has already taken place.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Video: Lighting The Path To Liberty

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Government Is Lying About Inflation

I think that if the government accurately measured inflation that 2013 would have been a deeper economic contraction than 2012. I think we have been in recession the whole time. I just think it does not look like a recession because the government is lying about inflation.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Average People Are Concerned About Inflation

When they poll people, average people and ask then, "What is your biggest problem?" The number one answer, the number one response is the rising cost of living. So average people are concerned about inflation.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Gold: Mispricing The Asset

People were buying internet stocks at crazy valuations just before the crash, people were buying condos in Vegas. They are doing the same thing in reverse when it comes to gold. It is the same lack of understanding of the fundamentals that is causing a mispricing of the asset.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.